Friday, March 27, 2015

Six of nine sectors
moved higher on Friday…XLV, XLP and XLU were the strongest sectors and XLE was the weakest.

Breadth strengthenedas advancers led decliners on the NYSE andon the NASDAQ.

Friday – strengthened,
advancers led

Thursday – strengthened,
declinersled

Wednesday – weakened,
decliners led

Tuesday – weakened,
decliners led

Monday- weakened,
advancers led

SPYup .47 at 205.74 on 118.9 million shares, 16% above average volume

VIX down .73 at 15.07…

TNX down .59 at 19.48…

TLT up 1.61 at131.06…bull flag bounce

XLF down .03 at 23.93 on 224.4 million shares, 13% below average
volume

AAPL down .99 at123.25 on 39.5 million shares, 27% below average volume

FB up .29 at83.30…on 18.3 million shares, 31% below average volume

Technical Commentary:

IWM +0.64%,
QQQ +0.40%, SPY +0.23%, DIA +0.19%.

After falling for four days the SPX
rallied on Friday as buyers
entered near support and buyers aggressively bought semiconductor stocks, cruise
line stocks CCL, RCL and NCLH and airline stocks as oil fell.

While SPY,
QQQ and DIA are setup for a support bounce, we like the IWM bull
flag setup which closed just one cent below an entry signal.

The SPX was led by ALTR, RCL, INTC,
SWKS, CCL, XLNX, CAG, KRFT, HRS and EA.

Oil which rose this week in part of new of Saudi airstrikes
on Yemen, fell on Friday. Airline
stocks AAL, DAL, UAL, LUV, ALK and SAVE rose on Friday in reaction. Should oil continue to fall next week, look
for airlines to rise.

Trade with the trend of
the chart you are trading and
continue to move your profit protection stops. Continue to follow your rules.